Kew Lodge up for collective sale at $63.8 mil

Kew Lodge is a freehold residential site positioned along Kheam Hock Road, yielding an area of 34,333 sq ft. It boasts an impressive 62m frontage along the street and an average depth of 50m. With 11 maisonettes ranging from 2,013 sq ft to 2,852 sq ft, it is now up for collective sale by tender with an asking price of $63.8 million, which translates to $1,853 psf.

Zoned for “residential/two-storey mixed land” use under the URA 2019 Master Plan, the plot offers potential to be redeveloped into a project with bungalows, semi-detached housing or terraced houses.

From families looking to build a new home for multi-generational or extended family living, to developers who can recognize value in its prospects, Sakal Real Estate Partners believes that Kew Lodge will catch the eye of many. Lennan Koh, director of Sakal, notes that it may also be a viable land banking opportunity as rent from its existing properties continue to come in.

Analysts reference the performance of landed residential in Singapore over the past five years, noting the especially robust demand for these properties. Steven Ming of Sakal explains that the market has outstripped the broader non-landed residential market, making homes such as those found in Kew Lodge highly desirable to many.

The project is expected to be completed in late 2023.

Tengah EC is an eco-friendly executive condominium near the Bukit Timah Nature Reserve, featuring innovative green features such as a wind turbine, solar heating system, water conservancy centre, and more. It is available exclusively to Singaporeans during Tengah EC the initial launch phase, and is set to be the first of its kind in the West region and completed in 2023.

Within 1km of Singapore Chinese Girls’ Primary School, Kew Lodge is situated just a 15-minute drive away from both the central business district as well as Orchard Road shopping belt.

Recently, a 32,148 sq ft two-storey landed site located at the junction of Chancery Hill Road and Dyson Road was purchased by Sustained Land for $61.1 million ($1,900 psf).

The tender for Kew Lodge will close on May 23 at 3pm; an attractive opportunity for a freehold landed residential site that promises plenty of potential.

Kew Lodge presents an attractive opportunity to potential buyers. Located on Kheam Hock Road, this freehold landed residential site boasts a total land area of 34,333 sq ft and an impressive 62m frontage along the road. Comprising 11 maisonettes ranging from 2,013 sq ft to 2,852 sq ft, it is now up for collective sale by tender for $63.8 million.

The area has an abundance of potential. Zoned for “residential/two-storey mixed land” use under the URA 2019 Master Plan, the plot could be redeveloped into a project featuring bungalows, semi-detached houses and/or terraced houses.

It is not just developers who may be interested. Families may also be keen to build a new home for multi-generational or extended family living, or consider it as a land banking opportunity with rental income from the existing properties in the interim.

Recent transactions such as Sustained Land’s purchase of a 32,148 sq ft two-storey mixed landed site for $61.1 million ($1,900 psf) suggest that landed residential remains highly sought after. Over the past five years, the performance of these properties have outstripped that of the broader non-landed residential market.

Kew Lodge is just a 15-minute drive away from the CBD and Orchard Road shopping belt. It is also within 1km of Singapore Chinese Girls’ Primary School.

The tender for Kew Lodge will be closing on May 23 at 3pm, offering high potential and prime location.